CarMax
CarMax has built its success by selling used cars that are generally under six years old with less than 60,000 miles, giving consumers a below Blue Book price and the CarMax “no-haggle” policy that eliminates the dickering so many buyers dread. They’ll buy your car whether you buy from them or not.
Starting in 1993 with one store in Richmond, Virginia, CarMax has now more than 100 stores across the country. Having sold more than 2 million vehicles, they’ve appraised over 5 million more. Listed on the FORTUNE 500 list, the company has been named one of FORTUNE’s “100 Best Companies to Work For” six years straight.
Customes can search all inventory and prices over the Internet and through in-store kiosks, and take advantage of a five-day money-back guarantee, and a minimum 30-day warranty on all vehicles.
Customers who get appraisals can sell or trade their vehicles or simply drive away. This service generates more than half the cars that they sell, with the rest coming from auctions. The company also sells new cars at 15 franchises.
Customers can access Experian’s AutoCheck vehicle histories on all CarMax used vehicles and instantly review an online AutoCheck vehicle history report at no cost.
AutoCheck is a leading information source on the vehicle history of used automobiles confirming that the vehicle has not been previously reported as a lemon or has had major flood damage, frame damage, or odometer rollback issues.
Back to the top of CarMax.